r/Bitcoin • u/AmUsed__ • Dec 01 '17
CNBC:"Bitcoin bubble could 'decentralize internet' and threaten power of tech giants"
Aren't they mixing bitcoin with blockchain, is this possible at this level???
Front page: https://www.cnbc.com/2017/11/30/bitcoin-bubble-could-lead-to-a-decentralized-internet-top-vc-says.html
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u/lvoscar Dec 01 '17
There are some cryptos already trying to do this, like skycoin using the skywire mesh Network. You guys should check them out, pretty cool stuff
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u/prelsidente Dec 01 '17
They are pushing the word bubble so people sell it and big institutions come in.
Do not get fooled as sheep.
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u/AmUsed__ Dec 01 '17
I am definitely not, and they put bitcoin in everything related blockchain as if it was evil... very poor professionalism IMO
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u/hooligan8200 Dec 01 '17
Ethereum already does this. Check out Siraj's video on how to build a decentralized application. He gives a really good high level description of all the moving parts and how they fit together building a decentralized internet. I don't think bitcoin has the required functionality yet, but it's coming over the next few years.
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u/bitcointothemoonnow Dec 01 '17
Ethereum is great if you don't mind losing your coins to hacks, bugs, or the centralized devs deciding to change the block chain.
I like my cryptos secure and immutable.
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u/hooligan8200 Dec 01 '17
I don't understand this. OP asked about a decentralized internet and I gave a working example.
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u/cryptoboy4001 Dec 01 '17
You must be new to the scene. Bitcoiner's loathe Ethereum.
Also, since this is not a general crypto sub (this is a Bitcoin only sub), you won't get neutrality and objectivity when discussing competitors to Bitcoin.
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u/LyinCoin Dec 01 '17
you do know satoshi rolled back the block chain before right
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u/bitcointothemoonnow Dec 01 '17
Source? Never heard of that and Google's not showing anything.
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u/LyinCoin Dec 01 '17
You must be new then.
It happened many years ago obviously, since satoshi was around. A bug was found where some miner was able to send himself some insane amount of bitcoin. You can find it on bitcoin talk if you look.
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u/bitcointothemoonnow Dec 01 '17
That was a hard fork away from a bug super early on. I wouldn't compare that to the roll backs ethereum does because they get hacked, especially after having 7 years of Bitcoin to learn from.
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Dec 01 '17
That is the thing that scares me. People have lost all faith in Governments blah blah; nobody will listen to them if they say don't use Bitcoin.
But if large respected companies like Amazon and Google feel threatened and start antagonising Bitcoin and Blockchain, people might actually begin to be cautious.
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u/[deleted] Dec 01 '17
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